Newbie - Investing in BTC/ETH

[sweetbet]

If you buy BTC now and the price increases after 1 August, that would be great.
If you buy BTC now and the price drops after 1 August, then you can always trade until you make up for the difference, + some more.

[layoutph]

Hi, few days before August 1 , expect the bitcoin to dump. As many will sell their Bitcoins to altcoins to secure their Bitcoin value from any possible coin split.

Buy Bitcoin after August 1.

Regarding ETHs, invest only in small amount. I believe whales would dump ETH more as its chart says.

Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

[legend2017]

Hi, few days before August 1 , expect the bitcoin to dump. As many will sell their Bitcoins to altcoins to secure their Bitcoin value from any possible coin split.

Buy Bitcoin after August 1.

Regarding ETHs, invest only in small amount. I believe whales would dump ETH more as its chart says.

Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

Interesting is the fact that a week ago Bitcoin fell by 400 or 500 dollars. And today again rose to a fairly good level of $ 2,770.

[makkie]

Thank you all for your informative replies. I have decided to play the waiting game, hoping it'll fall soon.

[ether19]

Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

1. You should better buy when it was 1800$ , it was 2-3 days ago 1800$ - 1 btc , if you were buying it , actually you could have profit 1000$ just for 1 btc , but stay tuned on coinmarketcap.com , when he goes down , buy , the bitcoin is going up
2.Hmmm I am not sure about Electrum but if you want a safe wallet , go on bitaddress and create one , i think is the safest method to get a wallet
3.Yes it will be a good investment , ethereum reached 400$ just in 1 year , and about bitcoin took some years to reach 400$ , I bought 500 eth when it was 7 usd and I still keeping him

I feel it is best to buy bitcoin in small quantities once in every week. It's very difficult to time the market and to buy at the very bottom before it explodes back up. The same can be applied to any coins. I do feel, that Waves, LTC, ETC are other good candidates after BTC and ETH. All the very best!

[mrsray]

Don't buy Bitcoin unless it's going to rise in which case you should buy Bitcoin?

That made me laugh, can anyone ever be sure when it's going to rise?

I also used to suffer from this question
"What if the price doesn't drop and increases?"

and believe me, it has made me buy at bad times and most of the time i say, 'damn, i should have waited. ... but I also learned it really doesn't matter.

If the crypto is 'good' with devs working on it and is a good project and people are interested in it, the price 'should' eventually rise. 

so, if worse comes to worse ... buy it and hold, the only time you really lose profit is if you sell before you are in profit.

[ShadowBits]

Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

theres always a risk but if you wont risk you wont gain
investing in bitcoin has a little risk and the risk is maybe you might miss a price dump in case but we dont really know what will happen on the aug 1 event,but definitely btc would go up,  for me its wise to have bitcoin, there are lots of good altcoin to invest in, visit coinmarket cap to check some infos of those crypto coins...
just always be patient for the right time to accumulate some alts always check the chart for possible low bids that you can expect

[babysweetTiger0401]

Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

If you are newbie only in this field of industry, it is much better for you to learn and study first about in bitcoin.  Know what bitcoin is, the benefits, bitcoin usages, and the features of bitcoin. About buying bitcoin you can buy any time you want whether after august or before you can buy.

[iamaruf]

Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

BTC and ETH both are good but in my opinion don't buy  bitcoin now. wait few days.
And Electrum is  good wallet.I am using it and i am satisfied.
Now time to buy ETH. ETH will pump more.Also you can wait when ETH will dump,under 200$ then you can buy and hold ETH.

[SomethingMAD]

Now is not the time to buy BTC, but for ETH i guess. Prices of both coins might drop in couple of days or week, and after August 1st that's the only time we can surely predict what will happen.

BTC will come down shortly, more safely buy BTC. I am worried about ETH, lately there is a lot of fishing they have lost this Coin. This affects the ETH price. That's just my prediction.

I don't think anyone can tell what will happen after 1st of August. If decided to invest money in the crypto market then I suggest don't wait but start buying in small quantity in regular intervals so that you will get a best average price. Because after 1st August if prices suddenly go up then you may not be buying it so buy some now and later some more.

My strategy for the situation in present is split my funds to 3-5 parts, use 30% for buying at now, 30% depend after August 1st and 40% keep safe money by withdraw to FIAT or holding Bitcoin in cold wallet. Because from August 1st maybe have HardFork Bitcoin and very risk if still holding Bitcoin on exchange

Good move, this strategy is worth imitating. All exchangers have warned "do not transact Bitcoin". Very risky.
Hope this is solved with soft fork. So everyone will enjoy bitcoin.

[bitcoineverything]

Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

Hi Makkie!

For your questions, I'd give you the following answers:

1. It is still safe to buy Bitcoin now until 12 hours before Aug 1

2. If Electrum allows yo to export the private keys for your BTC, then it would be a safe place for your funds during the August 1 event.

3. ETH is a good for investment but I would suggest you also consider ETC.

Also, I have sent you a private message. I hope you'd find the time reading it. Thanks!

[Caesar-Giulius]

Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

Welcome to Bitcoin, Makkie!

Here my answers to your questions:
- Would you advise on purchasing BTC now before August 1st?
Personally, I am monitoring the market and I will buy BTC when it hit $1800 to $1900 before 1st of August.
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
It is better to store your BTC in paper wallet.
- Would you say, in your opinion, ETH would be a good investment?
If it is for the long term, I will say yes. But maybe you would like to consider Antshares.

[bitcoinmasterlord]

Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

Welcome to Bitcoin, Makkie!

Here my answers to your questions:
- Would you advise on purchasing BTC now before August 1st?
Personally, I am monitoring the market and I will buy BTC when it hit $1800 to $1900 before 1st of August.
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
It is better to store your BTC in paper wallet.
- Would you say, in your opinion, ETH would be a good investment?
If it is for the long term, I will say yes. But maybe you would like to consider Antshares.

Just 5 days is there, and the price is now $2700. In just 5 days the price will drop $1000 is it possible and is there any reason to fall price suddenly. I don't think again the price will go under $2000. So you already missed the right chance to buy bitcoins. You want to wait then wait only 5 days left.

[jeraldskie11]

Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

For me, if i'm at in your position, I will not purchased btc because we really don't know what is the exactly happening on August 1. So I will buy bitcoin after August 1.
It's up to you if you use electrum or not. The point is to use wallet that you owned the private key.
Ethereum also is good for investment because it is the 2nd in the volume marketcap.

[Taskford]

If i were you, i will just go with bitcoin because it has more potential in the long run compare to ethereum that having a hard time in their security because of the different virtual criminals like hackers and so on. that keeps damaging its images that is related of the trust of the investors. If you want a safe cryptocurrency with a very low rate of getting hacked then go to bitcoin.

[SomethingMAD]

Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

Welcome to Bitcoin, Makkie!

Here my answers to your questions:
- Would you advise on purchasing BTC now before August 1st?
Personally, I am monitoring the market and I will buy BTC when it hit $1800 to $1900 before 1st of August.
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
It is better to store your BTC in paper wallet.
- Would you say, in your opinion, ETH would be a good investment?
If it is for the long term, I will say yes. But maybe you would like to consider Antshares.

Just 5 days is there, and the price is now $2700. In just 5 days the price will drop $1000 is it possible and is there any reason to fall price suddenly. I don't think again the price will go under $2000. So you already missed the right chance to buy bitcoins. You want to wait then wait only 5 days left.

Will this happen how BTC will go down very deeply. Hardfork seems to be just an issue, and it freaks everyone out. They managed to make a mess. Politics is always not good.

[betlord90]

If i were you, i will just go with bitcoin because it has more potential in the long run compare to ethereum that having a hard time in their security because of the different virtual criminals like hackers and so on. that keeps damaging its images that is related of the trust of the investors. If you want a safe cryptocurrency with a very low rate of getting hacked then go to bitcoin.

Those problem occuring will be surely fixed by its own dev and it is not the eth networks problem why they had been hack since the one who's gonna blame for this are the parity wallet owner and the verisatium ICO devs, and this should be the biggest lesson for those upcoming devs who wanna use ETH so that they can counter act and do perfect test on their security so that they will not be hack just like what happen to those two issue's today.

[atun jong]

I have not understood about what bitcoin or ETH because maih di say Newbie still lay.

Need special deepening to be able to understand about matters related to it.

For my own investment I have not dared.

[SirLancelot]

Now is not the time to buy BTC, but for ETH i guess. Prices of both coins might drop in couple of days or week, and after August 1st that's the only time we can surely predict what will happen.

It is the best time to buy by bitcoin or ETH because the prices of bitcoins now a days are at lowest and the prices will rise again at the normal speed which we experienced during the last month. So it is the best time to invest in BTC or ETH. Just follow the market and make good investment.

[jameshowlett]

Now is not the time to buy BTC, but for ETH i guess. Prices of both coins might drop in couple of days or week, and after August 1st that's the only time we can surely predict what will happen.

It is the best time to buy by bitcoin or ETH because the prices of bitcoins now a days are at lowest and the prices will rise again at the normal speed which we experienced during the last month. So it is the best time to invest in BTC or ETH. Just follow the market and make good investment.

No, the price will volatile strongly before the hardfork and I believe that 30 of July will be the best time to buy bitcoin because I can ensure that bitcoin will be lower than $2200. Nobody want to hold both kinds of bitcoin because it will make the value of bitcoin decrease